Millennium Management LLC Boosts Stock Holdings in Bristow Group Inc. (NYSE:VTOL)

Millennium Management LLC lifted its position in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 166.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,294 shares of the company's stock after acquiring an additional 26,393 shares during the quarter. Millennium Management LLC owned approximately 0.15% of Bristow Group worth $1,451,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in Bristow Group by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 119,379 shares of the company's stock worth $4,095,000 after buying an additional 3,356 shares during the period. Victory Capital Management Inc. acquired a new position in Bristow Group during the 4th quarter worth about $697,000. American Century Companies Inc. lifted its holdings in Bristow Group by 22.4% during the 4th quarter. American Century Companies Inc. now owns 578,940 shares of the company's stock worth $19,858,000 after buying an additional 105,834 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Bristow Group in the 4th quarter worth about $952,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Bristow Group by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,621,027 shares of the company's stock worth $55,600,000 after acquiring an additional 48,852 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company's stock.

Bristow Group Trading Up 2.4%

Shares of VTOL stock traded up $0.70 during mid-day trading on Friday, hitting $30.35. The company's stock had a trading volume of 101,501 shares, compared to its average volume of 131,624. The company's fifty day simple moving average is $29.08 and its 200-day simple moving average is $32.77. Bristow Group Inc. has a 52 week low of $25.11 and a 52 week high of $41.50. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83. The company has a market cap of $873.23 million, a PE ratio of 16.32 and a beta of 1.32.

Bristow Group (NYSE:VTOL - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.34. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The firm had revenue of $350.53 million during the quarter, compared to analyst estimates of $353.00 million.

Insider Activity at Bristow Group

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 9,875 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $32.08, for a total transaction of $316,790.00. Following the completion of the sale, the insider now directly owns 3,166,821 shares of the company's stock, valued at approximately $101,591,617.68. The trade was a 0.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Maryanne Miller sold 2,200 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $32.15, for a total value of $70,730.00. Following the sale, the director now directly owns 19,173 shares of the company's stock, valued at $616,411.95. This represents a 10.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,175 shares of company stock valued at $390,720 in the last three months. Corporate insiders own 14.90% of the company's stock.

Bristow Group Company Profile

Bristow Group Inc provides vertical flight solutions. The company primarily offers aviation services to integrated, national, and independent offshore energy companies and government agencies. It also provides personnel transportation, search and rescue, medevac, ad hoc helicopter, fixed wing transportation, unmanned systems, and ad-hoc helicopter services, as well as logistical and maintenance support, training services, and flight and maintenance crews.